Tejas Cargo India Limited has initiated a postal ballot process to seek shareholder approval for increasing its borrowing powers to ₹800 Crores. This strategic move is designed to support the company's growing business requirements and future expansion plans by providing adequate financial flexibility for working capital, capital expenditure, and fleet expansion. The special resolutions also authorize the Board to create mortgages and charges on the company's assets up to the enhanced limit to secure the proposed borrowings.

The Board of Directors has proposed raising the aggregate borrowing limit from the previously approved ₹500 Crores to ₹800 Crores. The funds may be raised through various instruments, including term loans, working capital facilities, non-convertible debentures, and external commercial borrowings. Concurrently, the company seeks approval to empower the Board to create mortgages, hypothecations, and charges on the company's movable and immovable assets, correspondingly increasing the security creation limit from ₹500 Crores to ₹800 Crores.

The remote e-voting period is scheduled from June 2, 2026, at 9:00 a.m. IST to July 1, 2026, at 5:00 p.m. IST. The results of the postal ballot are expected to be announced on or before July 3, 2026. The postal ballot notice has been dispatched electronically to members whose email addresses are registered with Bigshare Services Private Limited, the Registrar and Transfer Agent, or with depositories as on the cut-off date of May 22, 2026.

Mr. Abhishek Gupta has been appointed as the scrutinizer to oversee the voting process. The company has stated that none of the Directors or Key Managerial Personnel have any financial interest in the proposed resolutions. The notice is also available on the company's website at www.tcipl.in .

Tejas Cargo India Limited reported a 9.2% increase in net profit to ₹20.88 crore for the financial year ended March 31, 2026, driven by a 25.4% rise in revenue from operations to ₹628.33 crore. The company's Board of Directors approved the audited financial results for both standalone and consolidated performance on May 27, 2026. Following the results announcement, the management held an investor earnings call on May 30, 2026, to discuss the financial performance and operational highlights, with a recording made available on the company's website.

The standalone financial results reveal that total income for FY26 stood at ₹636.11 crore, up from ₹508.10 crore in the previous year. Profit before tax for the year was ₹28.13 crore, compared to ₹25.72 crore in FY25. The board also approved the annual audited financial statements and the accompanying audit reports, which carry an unmodified opinion from M/s A H P N and Associates, Chartered Accountants.

Key Financial Metrics (Standalone)

On a consolidated basis, the company reported a net profit of ₹20.93 crore for FY26, a slight increase from ₹19.14 crore in the previous year. Consolidated revenue from operations grew to ₹628.72 crore from ₹501.29 crore. The financial statements include the results of the company's subsidiary, M/s Tejas Carriers Solutions Private Limited.

Board Decisions and Auditor Appointments

During the meeting held on May 27, 2026, the Board approved the re-appointment of Ms. Aarti Arora, Chartered Accountants, as Internal Auditor for the financial year 2026-27. Additionally, M/s Abhishek Gupta & Associates were appointed as Secretarial Auditors to conduct the secretarial audit for the year ending March 31, 2027. The Board also issued a notice of postal ballot to seek shareholder approval for increasing the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013.

The statutory auditors highlighted that the company had fully utilized unutilized IPO proceeds amounting to ₹30.76 crore during the quarter ended June 30, 2025. The total proceeds raised through the IPO in February 2025 were ₹105.84 crore. The auditors also noted a contingent liability of ₹1,100.45 lakhs in the form of Performance Bank Guarantees issued in compliance with service level agreements.